The facts are Democrats Carter & Obama had domestic energy policies that increased US Oil, Gas & energy production. Republicans Nixon, Ford, Reagan, Bush 1 & Bush 2 destroyed US oil production. Read it & weep!
Congressional Republicans have twice attached provisions to roll back or tweak parts of Dodd-Frank to legislation that the president ultimately signed into law: the government spending bill and a bill to reauthorize a federal terrorism risk insurance program, known as TRIA. This is to bring back Enron style energy trading schemes taxing US heavily through higher prices.
Republicans killed US oil production.
- Republican president Nixion & Ford enacted price controls that killed US oil production in the 1970's. Us oil production has declined under every Republican president since.
- Republican president Nixion created the EPA that helped kill US oil production in the 1970's. Us oil production has declined under every Republican president since.
- Democrat President Carter got rid of Republican price controls & signed into law the U.S. Synthetic Fuels Corporation Act & imposed oil import fees. This boosted US oil production that Republicans had destroyed.
- Republican president Reagan abolished U.S. Synthetic Fuels Corporation in 1985 & caused US oil production to fall for 24 more years until Democrat President Obama took power.
- Republican president Bush senior signed EO12777 banning drilling. Horizontal fracking setback borders were enforced under Republicans, not under Obama. This Bush EO tanked US oil production gains made under Carter.
- 60% in Republican Texas town that is the birthplace of fracking & has been supported by fracking just voted to ban it.
- Under Democrat President Obama horizontal drilling boundaries setbacks were removed for Eco-Pad drilling reducing the cost of drilling & producing oil in the USA by $15/barrel. That made oil shale in the USA competitive creating the first rise in US oil production since the Carter administration.
- Under Democrat President Obama Utah’s oil sands are being extracted for $25/barrel “without creating the toxic wastelands that have resulted from oil sands projects in Western Canada.”Using solvent to separate 99% of oil from crushed rock and sand. The process does not use any water eliminating “massive tailing ponds filled with gallons of toxic sludge”. Oil is extracted cheaply & virtually without a trace or toxic footprint on the environment.
- Since 1970 US oil production fell under every Republican administration due to their policies & only rose under Carter & Obama. Machiavelli would be proud of how Republicans lies have their sheeple believing the exact opposite.
- Republicans believe in powerful police state spending trillions of tax dollars to steal oil from others instead of increasing domestic energy.